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EARNINGS PER SHARE
 3 Months Ended
Jul. 31, 2022
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 10 – EARNINGS PER SHARE

 

Basic earnings (loss) per share is computed by dividing earnings available to common stockholders by the weighted average number of shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average number of shares and potentially dilutive shares of common stock outstanding during the period increased to include the number of additional shares of common stock that would be outstanding if the potentially dilutive securities had been issued. Potential shares of common stock outstanding principally include stock options and warrants. During the three months ended July 31, 2022, and 2021, the Company incurred losses. Accordingly, the effect of any common stock equivalent would be anti-dilutive during those periods and are not included in the calculation of diluted weighted average number of shares outstanding.

 

The table below sets forth the basic loss per share calculations: 

        
   Three Months Ended July 31, 
   2022   2021 
Net loss  $(1,545,012)  $(1,025,418)
Basic weighted average number of shares outstanding   20,829,315    1,591,306 
Diluted weighted average number of shares outstanding   20,829,315    1,591,306 
Basic loss per share  $(0.07)  $(0.64)
Diluted loss per share  $(0.07)  $(0.64)

 

The table below sets forth these potentially dilutive securities: 

        
   Three Months Ended July 31, 
   2022   2021 
Excluded options   38,269    42,333 
Excluded warrants   9,890,847    2,981 
Total excluded options and warrants   9,929,116    45,314